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Superfunds February 2015
if you want to be involved then, take the right
steps, and this is one of them. ”
Adby says that while superannuation industry
experience is necessary, it isn’t the only factor that
is needed with judgement and broader business
experience also important.
It is experience that Adby has in abundance,
with extensive work in international pension,
investment and funds markets. And as a consultant
to the World Bank and Asian Development Bank
on infrastructure finance, capital markets and risk
management, she still believes she can learn more.
“Experience is one thing, ” says Adby. “Putting
the things you have learnt into practice is another.
There are many things you don’t realise the
importance or complexity of until you take that
extra step; looking at how you would deal with
a particular situation in a practical sense, it may
be a situation that has never arisen before the
accreditation course and case studies provide
tools to analyse and work through issues that,
otherwise, you might not know how to go about
dealing with. ”
LEAH FRICKE
Following her first taste of superannuation
governance in 1997 as employer representative
trustee on the AWA Corporate Fund, Leah Fricke
always seemed to gravitate towards the industry.
Working in mining, finance, technology and
the legal sectors throughout her life, she says
there has been a superannuation theme in the
range of roles she has followed. “I didn’t seek
out superannuation in my early career – I’ve
worked in many industries and they all seem to
have an element of superannuation involvement,
either as an employer offering a corporate fund
or a company with superannuation funds as
shareholders.”
To Fricke, a former lawyer and company
secretary with over 20 years experience in
boardrooms, the making of a good trustee begins
with courage, an aspect that she says isn’t as
teachable as the other important characteristics
of a good trustee.
“Courage is important in the boardroom, but
you also need to have an intention to stay up to
date with best practice,” which, to Fricke, means
starting at the bottom and working your way
up. “You need to have a good grasp of financial
fundamentals, and a style that works well with
others in a collaborative decision-making forum.
“I would encourage all trustee directors to
take an active role in ensuring their own personal
development, I think everyone who is involved in
superannuation needs to find a course that is best
for them. ”
VICKI ALLEN
Personal growth and being equipped with
the best tools are critical for Vicki Allen. As an
independent director of MTAA Superannuation,
the chairman of Bridge Housing Limited, deputy
chairman of Mirvac Funds Management Limited
and a member of NSW Self Insurance Corporation
Advisory Board, ensuring a high standard is met
begins with training.
“I undertake relevant training in my role as a
trustee of a superannuation fund, so that I can be
the best trustee I can be,” says Allen.
“Accreditation should ideally provide an
independent standard of quality and I was keen
to demonstrate that I could meet these quality
standards.”
With a career spanning senior strategic,
operational, product and business development
roles at The Trust Company, National Australia
Bank, MLC and Lend Lease Corporation, Allen
says the need to become accredited, for her, is
based on improving the industry and reaffirming
new and established standards.
“The accreditation will become an industry
standard if the standard of quality of the
accreditation itself is maintained.
“It is valuable for trustees and the industry to
maintain programs that mirror the high standards
that are asked of us. ”
For more information on the
ASFA Trustee Director Accreditation
Program, visit the ASFA Learning
website:
www.superannuation.asn.au/trustee